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Westminster 80005 Country Road Sub
7721 W 87th Dr
$225,000
● House - Off Market

7721 W 87th Dr

Arvada, CO 80005
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,288 Ft²
$2,098
Est. Monthly
$585
HOA / Fees
4.00%
Cap Rate

About This Property

Lender is willing to entertain a shortsale offer. Looking for someone that wants to build "sweat equity" This townhouse is in the early stages of a remodel and ready for a savvy investor to come in and finish the project. The unit needs new flooring throughout, a full kitchen overhaul, fresh paint, doors, and hardware.  This is not a project for beginners - but for experienced investors, it's a solid opportunity with great upside potential. Property is not currently lendable, is in the foreclosure process, and will require cash or hard money financing. Time is of the essence.
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$217
Property Type
House
Property Taxes
$138
HOA Dues
$585
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 months ago (REcolorado MLS #9866793)

Price History

Date / Event Date Event Price
Dec 16, 2025 Sold
Premium
Sold
Nov 22, 2025 In contract -
In contract
Nov 1, 2025 Price Decreased $280,000
↓ $35K (11.1%)
Price Decreased
Oct 4, 2025 Listed by Sellstate ACE Realty $315,000
Listed by Sellstate ACE Realty
Jun 27, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 1,263
  • Total Building Area: 1,488
  • Gross Building Area: 1,488
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY ROAD SUB
  • Land Acres: 0000000029
  • Standard Land Use Code: 1002
  • County Land Use Code: 140
  • State Land Use Code: 1112
  • Legal Description 1: SECTION 26 TOWNSHIP 02 RANGE 69 QTR NW SUBDIVISIONCD 171200 SUBDIVISIONNAME COUNTRY ROAD SUB BLOCK LOT 0049 TRACT

Neighborhood

  • School District Name: Jefferson County School District R-1
  • Census Tract: 009834

Geography

  • Assessors Map Reference: 12-A
  • Account Number: 300131059
  • Parcel: 29-262-02-083
  • Lot: 49
  • Meridian: SEC 26 TWN 02S RNG 69W
  • Municipality: WESTMINSTER
  • Latitude: 39.8548
  • Longitude: -105.084

    Address

  • Full Address: 7721 W 87th Dr
  • Address - House Number: 7721
  • Street Direction: W
  • Address - Street Name: 87th
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Arvada
  • Carrier Code: C011
  • 4-Digit Zip Code: 1635
  • Zip Code: 80005

Valuation

    Tax

  • Total Area: 1,288
  • Tax Year: 2023
  • Tax Amount: $165,110
  • Tax Rate Code Area: 0005

    Appraisal Valuation

  • Standard Deviation: 0.1877
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 445,905
  • High Value: 529,607
  • Low Value: 362,203

    Market Valuation

  • Market Total Value: $378,603
  • Market Land Value: $90,000
  • Market Improvement Value: $288,603

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,681
  • Assessed Land Value: $6,030
  • Assessed Improvements Value: $15,651

    Sales

  • Current Sale Contract Date: Jun 25, 2002
  • Current Sale Recording Date: Jun 27, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: F1511612
  • Previous Sale Recording Date: Nov 08, 2000
  • Previous Sale Contract Date: Oct 27, 2000
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Westminster

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$312

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1721 ft²

Average Home Age

42 years

Currently For Sale

112 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5345 W 79th Ave, Westminster, CO, 80003

$1,724 /mo

  • 2 Beds
  • 1 Bath
5345 W 79th Ave, Westminster, CO, 80003 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
REcolorado

Listed by: John Werkmeister, Sellstate ACE Realty
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 9866793
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 7721 West 87th Drive built and last sold?
The property at 7721 West 87th Drive was built in 1976 and last sold on Jun 25, 2002 for $163,250.
How much is this home worth?
The estimated value of the home located at 7721 West 87th Drive is $0.
What are some comparable homes to 7721 West 87th Drive?
There are currently no comparable homes to 7721 West 87th Drive.
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